Reported loss due to shift to new tax regime: Sanjiv Chadha, Bank of Baroda

"Because we have such a high taxable profit, we thought that this is the right time for us to transit into the new tax regime which lowers the tax rate for the bank from 33-34% to 25%."

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3vPmg3z
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